State of Delaware Sues MERS

In a new twist, the State of Delaware is suing MERS under the Unlawful and Deceptive Trade Practices Act (UDTPA.) The suit claims that MERS has left for borrowers “no public trail by which anyone can identify the principals or verify the propriety of the (mortgage)...

MERS Tells Members Not to Foreclose in name of MERS

An important announcement from MERS tells foreclosing attorneys NOT to foreclose in name of MERS. Housing Wire reports “The electronic registry of mortgage records built by Fannie Mae, Freddie Mac and the nation’s major lenders more than a decade ago has been...

Foreclosure Mess Created By Greed

It’s a disaster, no its not. We will insure it, no we won’t. Or wait a minute, yes we will. The Courts can’t seem to make up their minds. The states seem to disagree, some say the physical possession of the mortgage note is imperative, others not....